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The government s decision to waive import duty specifically applies to extra-long staple (ELS) variety cotton, which includes premium types like US Pima and Egyptian Giza ....
In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and that s the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector and impacts a large number of people. Second, there was an opportunity to cut imports and push exports. All the policy efforts were having a moderate impact but then came Covid and China plus one came into the picture, changing the whole picture externally. Internally, help came in the form of the PLI scheme which helped some companies reduce cost of capital and resources for expanding. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with d ....
Some sectors underperform for years and then come into focus. Partially due to China Plus one policy, and govt s PLI scheme, the textile sector is back in focus. But there is a macro issue that textile has been completely dominated by China and other nations. The Indian textile industry has been in bad shape for decades. Given the operating matrix, will PLI scheme, other support be enough for these cos to see sustained growth to profitability. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 stocks with detailed company analysis focusing on 5 key components - earnings, fundamentals, relative valuation, risk & price momentum. ....
Shares of textiles manufacturer Alok Industries rallied almost 16 percent in trade on Friday, spiking for the 3rd time this week, after Reliance Industries invested ₹3,300 crore in the company. ....